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Omnesys to act as USE vendor

BS Reporter  |  Mumbai 

Bangalore based Omnesys Technologies, provider of multi-asset trading software and systems and independent software vendor, has tied up with (USE).

Omnesys, where the National Stock Exchange (NSE) holds 26% stake, will act as a vendor to USE. NEST is a well-accepted computer to computer link (CTCL) platform for multi asset exchange trading and the flagship product of Omnesys.

Mumbai based USE, which provides platform for currency derivatives, has 415 registered trading members and 51 clearing members.

USE market share of over 22% in the currency futures segment. The exchange trades four currency pairs including dollar, British pound, euro and yen in combination with Indian rupee.

First Published: Tue, August 02 2011. 13:44 IST